Trammell Crow Buys West Hollywood Mixed-Use Apt. Site
Construction Starts This Fall At Santa Monica Blvd. and Formosa
October 9, 2013
A joint venture led by Trammell Crow Residential (TCR) has purchased a 1.33-acre site at 7141 Santa Monica Blvd. and will break ground a development with 166 luxury apartments and 9,300 square feet of stores and eateries on the ground floor.
The buyer of the site slated for the project called Domain West Hollywood was a joint venture of Trammell Crow Residential (TCR) and Cornerstone Real Estate Advisers, on behalf of an institutional client. Fifth Third Bank is the construction lender.
Timothy Barden of Land Advisors represented the seller, Walbern Development. With approvals in place, TCR expects to begin demolition of the sound studio and industrial facility on the property this fall and begin construction of Domain WeHo next spring.
The first move-ins are projected to begin in spring 2016.
"The architecture will pay homage to its historic location across the street from the Formosa Café, which has been a Hollywood celebrity hangout for decades," said Garth Erdossy, senior managing partner at TCR. "Inspired by historic courtyard housing, contemporary L.A. design and bold Hollywood Regency style, Domain West Hollywood is destined to become a landmark itself," he said.
The design team includes architects Studio One Eleven, interior designers Style Interiors, and landscape architects EPT Design. Trammell Crow Residential will construct the project, with Luke Daniels, managing director, and Tony Ditteaux, president of construction, overseeing all aspects of planning, construction and marketing.